Healthcare Trust Of America (NYSE:HTA) Upgraded to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Healthcare Trust Of America (NYSE:HTA) from a hold rating to a buy rating in a report published on Tuesday, January 9th. Zacks Investment Research currently has $32.00 target price on the real estate investment trust’s stock.

According to Zacks, “Healthcare Trust of America, Inc. is a self-administered real estate investment trust. The Company primarily focuses on medical office buildings, healthcare-related facilities and quality commercial office properties. It also invests to a limited extent in other real estate-related assets. Its portfolio is positioned in metropolitan markets such as Atlanta, GA, Phoenix, AZ, Indianapolis, IN, Greenville, SC, Pittsburgh, PA, Albany, NY, Boston, MA and both Dallas and Houston, TX. Healthcare Trust of America, Inc. is headquartered in Scottsdale, Arizona. “

Several other brokerages have also recently weighed in on HTA. TheStreet raised shares of Healthcare Trust Of America from a c rating to a b- rating in a research report on Tuesday, October 24th. Mizuho reissued a buy rating and set a $36.00 target price on shares of Healthcare Trust Of America in a research report on Wednesday, October 4th. Capital One Financial reissued an equal weight rating and set a $31.00 target price on shares of Healthcare Trust Of America in a research report on Monday, September 25th. Mitsubishi UFJ Financial Group reissued an overweight rating on shares of Healthcare Trust Of America in a research report on Sunday, October 29th. Finally, Jefferies Group reaffirmed a buy rating and issued a $34.00 price target on shares of Healthcare Trust Of America in a report on Tuesday, October 3rd. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of Buy and an average target price of $33.90.

Shares of Healthcare Trust Of America (NYSE HTA) traded up $0.23 on Tuesday, hitting $27.58. The stock had a trading volume of 1,118,472 shares, compared to its average volume of 1,359,164. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a market cap of $5,650.00, a P/E ratio of 114.92, a PEG ratio of 3.85 and a beta of 0.32. Healthcare Trust Of America has a 12 month low of $27.09 and a 12 month high of $33.00.

Healthcare Trust Of America (NYSE:HTA) last issued its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.34). Healthcare Trust Of America had a net margin of 6.75% and a return on equity of 1.50%. The firm had revenue of $176.00 million during the quarter, compared to analyst estimates of $163.62 million. During the same quarter in the prior year, the business earned $0.40 earnings per share. The business’s quarterly revenue was up 48.8% on a year-over-year basis. equities research analysts predict that Healthcare Trust Of America will post 1.65 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 9th. Investors of record on Tuesday, January 2nd were paid a $0.305 dividend. The ex-dividend date of this dividend was Friday, December 29th. This represents a $1.22 dividend on an annualized basis and a yield of 4.42%. Healthcare Trust Of America’s dividend payout ratio is 508.33%.

A number of institutional investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC grew its position in shares of Healthcare Trust Of America by 5.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 71,469 shares of the real estate investment trust’s stock valued at $2,130,000 after purchasing an additional 3,597 shares in the last quarter. Swiss National Bank grew its position in shares of Healthcare Trust Of America by 36.5% during the 2nd quarter. Swiss National Bank now owns 318,786 shares of the real estate investment trust’s stock valued at $9,917,000 after purchasing an additional 85,200 shares in the last quarter. Virginia Retirement Systems ET AL grew its position in shares of Healthcare Trust Of America by 9.2% during the 3rd quarter. Virginia Retirement Systems ET AL now owns 135,500 shares of the real estate investment trust’s stock valued at $4,038,000 after purchasing an additional 11,400 shares in the last quarter. BT Investment Management Ltd grew its position in shares of Healthcare Trust Of America by 35.9% during the 3rd quarter. BT Investment Management Ltd now owns 77,300 shares of the real estate investment trust’s stock valued at $2,304,000 after purchasing an additional 20,400 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its position in shares of Healthcare Trust Of America by 58.0% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 67,479 shares of the real estate investment trust’s stock valued at $2,011,000 after purchasing an additional 24,768 shares in the last quarter. Institutional investors and hedge funds own 98.36% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This piece was originally posted by BBNS and is the property of of BBNS. If you are viewing this piece on another domain, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this piece can be accessed at https://baseballnewssource.com/markets/healthcare-trust-of-america-hta-upgraded-to-buy-at-zacks-investment-research/1823587.html.

About Healthcare Trust Of America

Healthcare Trust of America, Inc is a real estate investment trust. The Company is an owner and operator of medical office buildings (MOBs) in the United States. The Company focuses on owning and operating MOBs that serve healthcare delivery and are located on health system campuses, near university medical centers, or in community core outpatient locations.

Get a free copy of the Zacks research report on Healthcare Trust Of America (HTA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Healthcare Trust Of America (NYSE:HTA)

Receive News & Ratings for Healthcare Trust Of America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Healthcare Trust Of America and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Rumor: Milwaukee Brewers Offer Yu Darvish Contract
Rumor: Milwaukee Brewers Offer Yu Darvish Contract
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Houston Astros Add Starter to Rotation
Houston Astros Add Starter to Rotation
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires


Leave a Reply

 
© 2006-2018 BBNS.